July 7, 2016
Newk's Eatery signed a new development contract with franchisee C2 Investment Partners, LLC, according to a company news release. Brent Cann and Doug Cullinan, C2 Investment Partners owners, agreed to open six Newk's locations in the Atlanta area over a span of four years. They also purchased the existing Newk's on Briarcliff Road northeast in Atlanta.
"The Atlanta market is an important part of our rapid growth plans, but it's not enough to just sign deals and get restaurants open quickly – we need those restaurants to uphold the brand standards that are the reason for Newk's success," said Newk's Chief Development Officer Chris Cheek said in the release. "The partners at C2 have exactly the commitment, track record and expertise in quick-serve and fast casual segments that we need to expand our Georgia footprint."
This agreement is just a stepping stone to a plan to double the chain's size over the next three years, according to the release. Currently the fast casual chain has more than 100 locations in 13 states.